American Airlines Group Inc (AAL), General Motors Company (GM), Citigroup Inc (C): Appaloosa Management’s Top Holdings

Appaloosa management LP, headed by billionaire David Tepper, filed its 13F SEC filings on August 14, 2014 and the fund 13F file portfolio valued at $7,149 million at the end of the second quarter 2014. During second quarter, Tepper increased his stakes in Facebook Inc (NASDAQ:FB) and nearly doubled his General Motors Company (NYSE:GM) holdings. Tepper dumped majority of the fund’s stake in JPMorgan Chase & Co. (NYSE:JPM), Beazer Homes USA, Inc. (NYSE:BZH), and Ingersoll-Rand PLC (NYSE:IR). The primary holdings of Appaloosa management LP include American Airlines Group Inc (NASDAQ:AAL), General Motors Company (NYSE:GM), and Citigroup Inc (NYSE:C). You can click here to see the complete list of stocks in Appaloosa management LP’s portfolio.

American Airlines Group Inc (NASDAQ:AAL) constitutes the major part of Appaloosa Management’s portfolio with 7% of fund value and 11,654,522 shares. American Airlines Group Inc (NASDAQ:AAL) reported its second quarter 2014 financial results on July 24, 2014 and registered the highest profits in the history of the airlines. American Airlines Group Inc (NASDAQ:AAL) reported net revenue of $11.4 billion with $1.5 billion non-GAAP profit without special charges.

Americal Airlines (AAL)

David Tepper increased his stakes in General Motors Company (NYSE:GM) by 50 percent and it constitutes 6.6% of the fund’s value and 12,982,349 shares. General Motors Company (NYSE:GM) reported its second quarter 2014 financial results on July 24 2014 with EBITDA of $1.4 billion and revenue of $39.6 billion.

Citigroup Inc (NYSE:C) stands at number three in terms of its constitution of the Appaloosa Management hedge fund with 5.7% of the overall fund value and investment of $405 million in the company. The other major hedge funds holding the stock in terms of value include Eagle Capital Management, Fisher Asset Management, and Appaloosa Management LP.

This article has been written by Prakash Pandey and edited by Serkan Unal.

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